Business 08 July 2019
Amazon arbitrage is growing in popularity, and for good reason. People are making thousands of dollars each month by reselling products on Amazon that they purchased either on an online retail site or at a physical store.
Of course, it takes some business know-how and a bit of research into the world of arbitrage to really start raking in the big bucks, but it's totally possible. In the coming years, we can expect to see more individuals taking advantage of FBA, so now might be the time to hop on this trend.
What Makes Amazon Arbitrage So Great?
Let's back up for a second and look at what makes this whole endeavor so great anyway. First of all, it's something that most people start out doing in their spare time. You can continue working your nine-to-five job while making some extra cash on the side, and who wouldn't want that? Furthermore, it doesn't take a genius to figure it out, so even if you're not great with math or numbers, you just need to be observant to start earning money.
The Foundation Is Pretty Simple
As for getting started with Amazon arbitrage, familiarizing yourself with the basics is relatively easy. Recognize that this is a fairly straightforward process. First of all, you can take an item you already have, or buy a product off of Amazon, eBay, or another retail store, online or in store.
You can then send that item to Amazon's fulfillment center, where they will list it to sell. Once the product gets a buyer, Amazon ships it for you thanks to their FBA service, and you make a profit.
So, how are people making money with this process? Consider that you're shopping at Walmart or any other retailer, really. You spot a great sale on an item and notice that it's 50, 60, 75% off.
You can load up on that item and then sell it on Amazon for its full price. Once someone buys it, you will make a profit with very little effort. Clearly, there aren't any entrepreneurial skills required to do that.
The Growing Face of Amazon Arbitrage and FBA
These days, online shopping is becoming the norm, and therefore, people are picking up on the idea of Amazon arbitrage.
They don't have to deal with the same customer service pressures of traditional businesses, nor do they need to worry about providing just the right products because Amazon is a retailer that sells just about everything. Yes, more experienced sellers will try to keep their offerings in a consistent niche, but it's not totally necessary.
When you're just starting out, it's all about easing into it and focusing on a few great products to begin with. To make things even easier, product research solutions such as this app can help save time when sourcing products to sell on Amazon. You don't need to be a jack of all trades, but if you consistently offer consumers good quality products, they will be willing to come back for more.
Sellers also take advantage of Amazon Prime's user benefits because Prime users are more likely to become repeat customers and purchase more. As Amazon arbitrage becomes more popular, you should think about getting started yourself!
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Help! My Friend Is a No Show
Dear Armchair Psychologist,
I have a friend who doesn't reply to my messages about meeting for dinner, etc. Although, last week I ran into her at a local restaurant of mine, it has always been awkward to be friends with her. Should I continue our friendship or discontinue it? We've been friends for a total four years and nothing has changed. I don't feel as comfortable with her as my other close friends, and I don't think I'll ever be able to reach that comfort zone in pure friendship.
Dear Sadsies,I am sorry to hear you've been neglected by your friend. You may already have the answer to your question, since you're evaluating the non-existing bond between yourself and your friend. However, I'll gladly affirm to you that a friendship that isn't reciprocated is not a good friendship.
I have had a similar situation with a friend whom I'd grown up with but who was also consistently a very negative person, a true Debby Downer. One day, I just had enough of her criticism and vitriol. I stopped making excuses for her and dumped her. It was a great decision and I haven't looked back. With that in mind, it could be possible that something has changed in your friend's life, but it's insignificant if she isn't responding to you. It's time to dump her and spend your energy where it's appreciated. Don't dwell on this friend. History is not enough to create a lasting bond, it only means just that—you and your friend have history—so let her be history!
- The Armchair Psychologist